Short Interest in Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Decreases By 19.8%

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,500 shares, a decrease of 19.8% from the December 31st total of 8,100 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.5 days.

Nuveen Minnesota Quality Municipal Income Fund Trading Down 0.0 %

Shares of NYSE:NMS traded down $0.01 during midday trading on Friday, reaching $12.38. The company had a trading volume of 6,472 shares, compared to its average volume of 12,709. The company has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $12.73. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $10.62 and a 1-year high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0735 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.13%.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in NMS. Redhawk Wealth Advisors Inc. acquired a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 3rd quarter worth about $199,000. Gladstone Institutional Advisory LLC acquired a new position in shares of Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at about $254,000. Finally, Focus Financial Network Inc. purchased a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth approximately $614,000.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes.